{"id":69607,"date":"2024-12-20T17:29:17","date_gmt":"2024-12-20T06:29:17","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=69607"},"modified":"2025-11-10T16:32:09","modified_gmt":"2025-11-10T05:32:09","slug":"friday-20th-december-2024-asia-pacific-markets-slip-amid-inflation-data-and-chinas-rate-decision","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-20th-december-2024-asia-pacific-markets-slip-amid-inflation-data-and-chinas-rate-decision\/","title":{"rendered":"Friday 20th December 2024: Asia-Pacific Markets Slip Amid Inflation Data and China&#8217;s Rate Decision"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.09%, Shanghai Composite up 0.31%, Hang Seng up 0.18% ASX down 1.24%<\/li>\n\n\n\n<li>Commodities : Gold at $2612.35 (-0.14%), Silver at $29.04 (-0.38%), Brent Oil at $72.39 (-0.56%), WTI Oil at $69.04 (-0.39%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.560, UK 10-year yield at 4.5785, Germany 10-year yield at 2.304<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Final GDP q\/q&nbsp; 3.1% vs 2.8% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 220K vs 229K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets mostly declined on Friday as investors weighed inflation data from Japan and China&#8217;s interest rate decision. The People\u2019s Bank of China maintained its loan prime rates, keeping the one-year rate at 3.1% and the five-year rate at 3.6%. The one-year LPR impacts corporate and household loans, while the five-year LPR influences mortgage rates.<\/p>\n\n\n\n<p>Following the announcement, Hong Kong\u2019s Hang Seng index edged up 0.11%, and mainland China\u2019s CSI 300 rose 0.27%, reversing earlier losses. These were the only major Asian indexes in positive territory.<\/p>\n\n\n\n<p>Japan released November inflation data, with core inflation (excluding fresh food prices) at 2.7%, slightly above the 2.6% forecast, and headline inflation reaching 2.9%, up from 2.3% in October. Despite this, Japan\u2019s Nikkei 225 dipped slightly, and the Topix fell 0.11%.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi dropped 1.87%, and the Kosdaq fell 2.33%, leading regional losses. Australia\u2019s S&amp;P\/ASX 200 declined 1.36%, hitting its lowest intraday level since September at 8,051 before recovering slightly.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average narrowly broke its longest losing streak since 1974, gaining 0.04% on Thursday. However, the S&amp;P 500 fell 0.09%, and the Nasdaq Composite dropped 0.10%. Meanwhile, the 10-year Treasury yield climbed for a second consecutive day, exceeding 4.5% and pressuring stocks, following a 13-point surge in the prior session.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>01:30 PM GMT &#8211; CAD Core Retail Sales m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; CAD Retail Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets mostly declined [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":74214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-69607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/69607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=69607"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/69607\/revisions"}],"predecessor-version":[{"id":69612,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/69607\/revisions\/69612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/74214"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=69607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=69607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=69607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}